Tuesday, June 30, 2015

Bay Area Tech Wire -- June 30

BAY AREA TECH WIRE -- June 30, 2015
To subscribe: www.bayareatechwire.com

San Francisco-Based Distil Networks Raises $21 Million Second Round
Proterra Lands $55 Million to Fund New San Bruno Facility
Mountain View-Based Synopsys Acquires Elliptic Technologies
Shareholders of Milpitas-Based ISSI Approve Acquisition by Uphill
San Rafael-Based Autodesk Tops Locals on "Best Places to Work in IT" List
Deloitte Acquires LRA to Expand Brand, Reputations Management Services
Briefly Noted:
NetSuite, TaaSera, Cloud Cruiser, Aclima

> Job/Event/Marketplace Classified Listings (Full Listings Below Stories)

--Director of Information Technology - City of Berkeley, CA

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o San Francisco-Based Distil Networks Raises $21 Million Second Round

San Francisco -- Distil Networks, the San Francisco- and Virginia-based developer of a cloud-based service designed to protect website content from malicious bots, said on Tuesday it has raised $21 million in its second round of funding. New investor Bessemer Venture Partners (BVP) led this round, which also included participation from previous backers Foundry, TechStars, ff Venture Capital, Idea Fund and Correlation Ventures. David Cowan, a partner at BVP and co-founder of VeriSign, Good Technology and Defense.net, will join the company's board of directors. Distil, which now has raised $38 million since its inception, said it will use the proceeds to sales, marketing and engineering activities. "Malicious bots have become increasingly more pervasive, sophisticated and detrimental," said co-founder and CEO Rami Essaid. "This latest round of funding combined with the momentum we've experienced since bringing our product to market further validates the need for a superior level of protection against malicious bots from attacking a company's web infrastructure."

o Proterra Lands $55 Million to Fund New San Bruno Facility

San Bruno, Calif. -- Proterra, a South Carolina-based developer of zero-emission battery-electric buses with major operations in San Bruno, said on Tuesday it has raised $30 million in its fourth round of funding, which the company said will help carry it to cash-flow positive. The company said that $19 million came from previous backers, including KPCB, with the remainder coming from new investors. In addition, Proterra has completed a debt financing of up to $25 million with Hercules Technology Growth Capital. The company said the financing will fully fund its new manufacturing facility in San Bruno, which will allow it to expand into West Coast markets. "This is a pivotal time for Proterra as we launch the latest generation of our technology and double our production capacity," said CEO Ryan Popple.

o Mountain View-Based Synopsys Acquires Elliptic Technologies

Mountain View, Calif. -- Synopsys, a Mountain View-based developer of electronic design automation (EDA) and semiconductor technology, said it has acquired Canada-based Elliptic Technologies, a provider of security IP cores and software for mobile, automotive, digital home, Internet of Things (IoT) and cloud computing applications. Financial terms of the deal were not disclosed. Synopsys said the acquisition will bolster its DesignWare IP portfolio with products including cryptography cores, security protocol accelerators and processors, embedded security IP modules, secure boot and cryptography middleware, as well as content protection IP for integration into system-on-chips. "The acquisition… enables us to provide designers with a broad portfolio of proven security IP solutions that help them create the SoCs that are at the heart of secure connected devices," said Joachim Kunkel, executive vice president and general manager of the Solutions Group at Synopsys. Elliptic also operates a U.S. office in San Jose. http://www.synopsys.com

o Shareholders of Milpitas-Based ISSI Approve Acquisition by Uphill

Milpitas, Calif. -- Shareholders of Milpitas-based Integrated Silicon Solution Inc. (ISSI) on Monday approved the company's acquisition by Uphill Investment, which won a protracted bidding war with San Jose-based Cypress Semiconductor. Uphill will pay $23 a share under the deal, which values the company at more than $731 million. The acquisition is expected to close after midyear. ISSI picked Uphill's offer over a competing bid from Cypress, which included $22.60 a share, plus a $0.10-a-share ticking fee for each additional quarter required to obtain regulatory approval.

o San Rafael-Based Autodesk Tops Locals on "Best Places to Work in IT" List

San Rafael, Calif. -- Autodesk, the San Rafael-based developer of computer design software, is the highest-ranked local company in Computerworld's newly released 2015 list of the "Best Places to Work in IT." The company ranked No. 4 overall in the midzise company category, was lauded for offering "generous benefits in a unique culture where dogs are welcome, telecommuting is common and U.S. employees earn six-week sabbaticals every four years." Mountain View-based LinkedIn (No. 6, Large), South San Francisco-based Genentech (No. 10, Large), Oakland-based Kaiser Permanente (No. 13, Large), Redwood City-based Informatics (No. 13, Midsize) and Palo Alto-based VMware (No. 17, Large) also made the top 20. The complete rankings are available at the link below.

o Deloitte Acquires LRA to Expand Brand, Reputations Management Services

New York -- Deloitte, the New York-based accounting and advisory giant with four offices in the Bay Area, said it will acquire Pennsylvania-based LRA Worldwide, a provider of services designed to measure the experiences of customers. Financial terms of the deal were not disclosed. LRA will join Deloitte Advisory and operate under the name "LRA by Deloitte." Deloitte said the acquisition will allow it to offer enhanced brand and reputation risk measurement services. LRA provides brand standards examinations, quality assurance inspections, mystery shopping programs, research and consulting services.

o Briefly Noted:

(San Mateo, Calif.) San Mateo-based NetSuite, a developer of cloud-based financial and enterprise resource planning software, has named Jason Maynard as its executive vice president of strategy and corporate development. Maynard most recently was a senior analyst at Wells Fargo, where he covered a wide range of software sectors, and previously served as a senior software analyst at Credit Suisse and Merrill Lynch.

(Cupertino, Calif.) TaaSera, a developer of cybersecurity technology with dual headquarters in Cupertino and Virginia, said on Tuesday it has launched of TaaSera Labs, a dedicated cybersecurity research team. The company is launching the organization in partnership with the computer science department at Penn State Erie, The Behrend College, in a bid to bolster its ability to use behavior detection and automated contextual analytics to preempt breaches.

(San Jose, Calif.) San Jose-based Cloud Cruiser, a developer of enterprise software for hybrid cloud management, on Tuesday named Dan Gaudreau as its new CFO. Gaudreau most recently served as the senior vice president of operations and CFO at Actuate, which was acquired by OpenText. He also has been the CFO of Plantronics and Ready Systems.

(San Francisco) San Francisco-based Aclima, a developer of environmental sensor networks, said on Tuesday it has emerged from stealth, and announced partnerships with Google, the Environmental Protection Agency (EPA) and Lawrence Berkeley National Laboratory. The company has built a hardware and software platform for measuring and understanding environmental quality in real-time. The platform generates billions of data points across a range of environmental factors.

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> Director of Information Technology - City of Berkeley, CA

The Director of Information Technology leads a large municipal department in providing a diverse array of digital services to its employees, citizens, and beyond. Reporting to the City Manager, the Director of IT will be seen as the technology leader working across the organization to ensure a forward-thinking and strategic approach to technology in support of all municipal business units. Bachelor’s degree is required. This position requires six years responsible experience in information technology, four years of which must have been at a supervisory or management level. Salary range $137,772 to $189,396 DOQ, plus benefit package including CalPERS. Detailed brochure by clicking here. Confidential inquiries to Greg Nelson at (916) 630-4900. Submit cover letter and resume to apply@ralphandersen.com prior to Friday, July 3, 2015.

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